ETH Flash-Crash Below $3,200 as Bitcoin Slides Under $100K
Ethereum (ETH) experienced a sharp intraday sell-off, slipping beneath $3,200 as Bitcoin dropped under the $100,000 mark. The move came amid broad risk-off flows and retested a major support band that had previously held recent bounces. Volatility spiked as short-term momentum flipped negative and volume picked up on the downside.
The immediate technical picture now points to a potential break under $3,000 if sellers persist, with the next meaningful support clustered near $2,800. For traders and holders this matters because a confirmed break would likely prolong bearish pressure and increase the chance of a deeper correction, while a strong bounce at current levels would restore some confidence. Market participants should watch BTC correlation, on-chain flows, and liquidity around the $3,000–$2,800 zone for signals of the next directional move.